NEI Nuclear Notes

Ted Jones The following is a guest post by Ted Jones, Director of International Supplier Relations for NEI. This afternoon, the House Foreign Affairs Committee  held a hearing on H.R. 2449 , to authorize the President to extend the current U.S.-South Korea nuclear cooperation agreement until March 2016.  U.S. and South Korea negotiators had hoped to conclude negotiations for a long-term successor to the 30-year agreement earlier this spring, but ran out of time.  Temporary extension of the current agreement will avoid a disruption of U.S.-ROK nuclear energy cooperation while negotiation of the long-term renewal agreement is finalized.  Bilateral nuclear energy trade flows in both directions and increasingly to third countries.  For example, U.S. Export-Import Bank last year authorized financing for $2 billion in U.S. exports to a South Korean-led project in the U.A.E.   Seamless continuation of U.S.-ROK nuclear cooperation is essential fo...